Forensic Audit News

Opinion

Opinion | Disclosure norms on forensic audit – will they serve intended purpose

Requirement of pre-intimation of forensic audit and sharing of report on conclusion of the audit is unprecedented and not recommended under any major regulatory regime. This could be viewed as dilution of independence companies’ boards

4 min read14 Oct 2020
Companies

25 DHFL group firms with ₹1 lakh avg profit took ₹14,000  cr loans

The draft forensic audit report will be presented to the board once it is finalizedOut of the around ₹27,000 cr worth of loans raised by DHFL from banks for on-lending to home buyers, around ₹10,050 cr was invested in mutual funds, findings of the audit revealed

3 min read22 Oct 2019
Companies

DHFL’s woes mount as forensic audit unearths diversion of funds

The disclosures could put the proposed debt restructuring of the non-bank lender in jeopardyMint could not ascertain the quantum of diversion, but a news report said that it was to the tune of ₹20,000 crore

2 min read22 Oct 2019
Market

NSE algo trading case: 62 broking firms may have had preferential access to NSE servers

NSE algo trading case: Reports show the 62 brokerages performed better during 2010-14, when they were supposed to have got unfair access

3 min read11 Jan 2019
Companies

Supreme Court directs forensic audit of Unitech’s projects

The audit will be carried out by Grant Thornton and the time period of the audit will be from 2006 onward

1 min read7 Dec 2018
Opinion

A road map for forensic auditors

If the credibility of the system has to be preserved, it is critical that the Punjab National Bank case is dealt with in a manner that sends out a clear signal

4 min read26 Mar 2018
Companies

PNB appoints a forensic auditor for Nirav Modi fraud case

Punjab National Bank (PNB) has appointed Belgium-based consultancy firm BDO as forensic auditor for five of Nirav Modi group companies

1 min read28 Feb 2018
Industry

PNB fraud: Banks seek forensic audit of Gitanjali Gems

Over two dozen banks want to establish if Mehul Choksi's Gitanjali Gems has indulged in PNB fraud or not as this will help them in deciding on how to treat the firm's bank accounts

1 min read27 Feb 2018
Market

Sebi orders forensic audit of two more companies

Sebi has ordered forensic audit of two companies, Jalan Cement Works and Ritman Infra, after finding prima facie evidence of misrepresentation of financials by them

1 min read15 Oct 2017
Market

Algo-trading case: Sebi asks NSE why it didn’t cooperate in probe on unfair access

NSE hasn't cooperated with Sebi, expert committee and forensic auditor investigating the algo-trading case, says Sebi in a showcause notice

2 min read13 Jun 2017
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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